The smart home market size is estimated to grow from USD 25.38 billion in 2015 to USD 56.18 billion by 2020, at a CAGR of 17.2% between 2015 and 2020. It is driven by factors such as increased safety and security concerns, rising demands for energy saving and low carbon emission-oriented solutions.
The ambient assisted living market size is estimated to grow from USD 1.20 billion in 2015 to USD 3.96 billion by 2020, at a CAGR of 22.4% between 2015 and 2020. The growing aging population and rising demands for managed healthcare would drive the ambient assisted living market.
Security and access control is estimated to hold the largest market share during the forecast period. Furthermore, due to the rise in safety and security concerns, the market for security and access control is expected to gain traction and grow at the highest CAGR in the next five years.
Medical assistive products and telemedicine/telemonitoring markets are expected to grow at higher rates compared to other segments during the forecast period. Increasing aging population demanding for managed healthcare and increasing chronic diseases among people are major driving factors for the growth of this market.
- ABB Group
- Assisted Living Technologies, Inc.
- Caretech AB
- Chubb Community Care
- Getemed Medizin- Und Informationstechnik AG
- Honeywell International, Inc.
- Ingersoll-Rand Plc
- Koninklijke Philips N.V.
- Legrand SA
- Medic4All Group
- Schneider Electric S.E.
- Siemens AG
- Televic N.V.
- Tunstall Healthcare Ltd.
- Vitaphone GMBH
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Smart Home Market, By Product
8 Ambient Assisted Living Market, By Product
9 Smart Home Market, By Service
10 Smart Home & Ambient Assisted Living Market, By Geography
11 Competitive Landscape
12 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/dnr9wg/ambient_assisted
Related Topics: Home Testing and Home Healthcare, Internet of Things and M2M
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